Regulation 2

In regulation 2 of the Stamp Duty Reserve Tax Regulations 1986^f1—

(a)

after the definition of “broker and dealer” there shall be inserted—

““European institution” has the meaning given by regulation 3 of the Banking Coordination (Second Council Directive) Regulations 1992^f2;”;

(b)

after the definition of “General Commissioners” there shall be inserted—

““investment business” has the meaning given by section 1(2) of the Financial Services Act 1986^f3;”;

(c)

at the end of the definition of “qualified dealer” there shall be added—

“or

(c)

is a European institution which carries on investment business in the United Kingdom;”.

Annotations